AUDUSD Daily Analysis – December 17, 2013
AUDUSD stays in a downward price channel on 4-hour chart, and remains in downtrend from 0.9756 (Oct 23 high), and the fall extended to as low as 0.8909. Resistance is located as the upper line of the...
Month: December 2013
GBPUSD Daily Analysis – December 17, 2013
GBPUSD broke below 1.6293 support, indicating that the upward movement form 1.5854 had completed at 1.6465 already, deeper decline could be expected over the next several days, and the target would be at 1.6000 area. Resistance levels...
EURUSD Daily Analysis – December 17, 2013
EURUSD remains in uptrend from 1.3296, then fall from 1.3810 could be treated as consolidation of the uptrend. Deeper decline could be expected, and the target would be at the lower line of the price channel on...
GBP/USD Reversal Signal? (December 16, 2013)
A double top pattern has formed on GBP/USD’s 4-hour time frame, indicating that the pair’s rally might soon be over. The pair seems to be testing the neckline around the 1.6300 major psychological support. The pattern is...
Complimentary Report: 15 Charts that Tell the Story of What’s Coming in 2014
I may not be Santa Claus, but I have an early present for you this year. It’s actually 15 presents in the form of 15 charts of financial markets with analysis by Bob Prechter, the president of...
USDCAD Weekly Analysis – December 14, 2013
USDCAD stays in a upward price channel on daily chart, and remains in uptrend from 1.0182, the fall from 1.0707 could be treated as consolidation of the uptrend. Support is at the lower line of the channel,...
USDCHF Weekly Analysis – December 14, 2013
USDCHF broke below 0.8890 support, and reached as low as 0.8839, suggesting that the downtrend from 0.9751 had resumed. Further decline could be expected and next target would be at 0.8500 area. Initial resistance is at 0.8950,...
USDJPY Weekly Analysis – December 14, 2013
USDJPY’s upward movement from 96.57 extended to as high as 103.92. Another rise to test 103.73 resistance could be expected next week, a break above this level will signal resumption of the uptrend from 75.57 (Oct 31,...
AUDUSD Weekly Analysis – December 14, 2013
AUDUSD is facing 0.8847 support, a breakdown below this level will indicate that the downtrend from 1.0582 (Apr 11 high) has resumed, then next target would be at 0.8500 area. Initial resistance is located at the downward...
GBPUSD Weekly Analysis – December 14, 2013
GBPUSD’s upward movement from 1.4813 extended to as high as 1.6465. Further rise would likely be seen, and next target would be at 1.7000. Support is at 1.6200, only break below this level will indicate that consolidation...